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Property tax exemption for vets

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Bill Gast
Advanced Member
Username: Actionwriter

Post Number: 194
Registered: 12-2008
Posted From: 96.8.222.198
Posted on Saturday, May 08, 2010 - 05:45 pm:   

Texas-100% exemption on property taxes (one property only) for 100% disabled.
No cost hunting permit.
No cost fishing permit
No cost access all State camp Grounds
Vehicle registration and plates $3.00
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DeeDee Clarke
Senior Member
Username: Deedee

Post Number: 624
Registered: 05-2004
Posted From: 67.11.180.124
Posted on Sunday, May 02, 2010 - 01:18 am:   

Walter, since you don't pay NC income tax on your military retirement, then you must have had five years of creditable service as of August 12, 1989. My post was to caution those that do not meet this requirement that their entire military retirement income will not be exempt from taxes.
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Walter W. McFadden
New member
Username: Sugapo

Post Number: 4
Registered: 07-2008
Posted From: 174.97.241.47
Posted on Sunday, May 02, 2010 - 12:37 am:   

DeeDee I think you better check again. I retired with more than 20 years of active service. I don't pay taxes on my military retirement or Social Security. But I have a private company retirement and I pay dearly. My taxes are prepared by a CPA who's Father is Retired AF and I think she knows the NC Tax Laws. I do not get $8,000.00 deduction from my property taxes and nothing from my taxes on my vehicles, boats or recreational vehicles. Check it, NC is not a cosy as you think. $30.00 to get your yearly inspection.
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Dave Nosek
Member
Username: Waterman15

Post Number: 44
Registered: 10-2005
Posted From: 134.215.253.245
Posted on Saturday, May 01, 2010 - 01:16 am:   

Michigan presently dosen't tax any retirement income including IRA or 401 K withdrawals. Other taxes i.e sales,vehicle regestration etc will kill you though. My property taxes arent to bad I guess but I don't have experience with other states so can't really say. We have a 50% homestead exemption plus DAV also get additional benefits.
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DeeDee Clarke
Senior Member
Username: Deedee

Post Number: 623
Registered: 05-2004
Posted From: 67.11.180.124
Posted on Saturday, May 01, 2010 - 12:56 am:   

Walter - Not all military retirees don't pay income taxes in NC. We checked into it before buying our property in NC.

Full exemption for persons with five years of creditable service as of August 12, 1989; otherwise a deduction of up to $ 4,000 ($ 8,000 for joint filers) is allowed (N. C. Gen Stat. 105-134. 6 and North Carolina Department of Revenue at http: //www. dor. state. nc. us/taxes/individual/benefits. html)
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Walter W. McFadden
New member
Username: Sugapo

Post Number: 3
Registered: 07-2008
Posted From: 174.97.241.47
Posted on Friday, April 30, 2010 - 11:57 pm:   

North Carolina does not tax Social Security or Military retirement pay, but if you have other income, it is very high. I pay every year, highly. All taxes, realestate taxes are usually taxed by the county and city. Personal property taxes on vehicles, boats and recreational vehicles are taxed the same as realestate taxes and not cheap. I did not check on this prior ro moving to NC., but if I had I would have changed my move. Now as you know the situation in every state, we will be getting an increase in everything. Explore before moving to NC.
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Carmon R
Senior Member
Username: Ckroy

Post Number: 954
Registered: 11-2005
Posted From: 66.230.84.53
Posted on Friday, April 30, 2010 - 04:22 am:   

Alaska has no state income tax and if you are rated 50% or more disabled by the VA, you get a property tax exemption on the first $150,000 of your primary residence. Also due to the disability rating, residents get a free fishing and hunting license and state park pass. I also got a federal park pass, which anyone with a 30% or more rating is eligible for.
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Denny Knott
Senior Member
Username: Degause01

Post Number: 1374
Registered: 07-2005
Posted From: 98.183.26.167
Posted on Friday, April 30, 2010 - 02:27 am:   

Florida also exempts 30% plus disabled an additional $5k, and 100% pays no property tax..
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dinotars
Senior Member
Username: Dinotars

Post Number: 6621
Registered: 06-2003
Posted From: 173.169.151.24
Posted on Friday, April 30, 2010 - 01:09 am:   

Florida has no state income tax and a homestead exemption of %25,000.
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KSYR
Senior Member
Username: Ksyr

Post Number: 651
Registered: 06-2003
Posted From: 74.33.199.177
Posted on Friday, April 30, 2010 - 12:31 am:   

NEW YORK HAS THREE TYPES OF VETERANS PROPERTY TAX EXEMPTIONS;

ALTERNATIVE VETERANS' EXEMPTION

COLD WAR VETERANS' EXEMPTION

ELIGIBLE FUNDS EXEMPTION

ALL INFO CAN BE FOUND AT
http://www.orps.state.ny.us/pamphlet/exempt/vets.htm
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John David Brooks
Advanced Member
Username: Johnb6597

Post Number: 378
Registered: 04-2008
Posted From: 121.55.235.75
Posted on Thursday, April 29, 2010 - 11:53 pm:   

Greetings, John: Yes, but then you'd have to live in Oklahoma! rofl
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John Civick
Advanced Member
Username: John6412

Post Number: 261
Registered: 07-2008
Posted From: 32.171.89.129
Posted on Thursday, April 29, 2010 - 11:49 pm:   

Oklahoma is kind, 100% exemption on property taxes and sales tax up to $25,000.
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John David Brooks
Advanced Member
Username: Johnb6597

Post Number: 376
Registered: 04-2008
Posted From: 121.55.235.75
Posted on Thursday, April 29, 2010 - 10:33 pm:   

In Otero County, New Mexico, disabled vets enjoy property tax exemption on the first $8000 of the assessed property value.
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Martin V Smith
Advanced Member
Username: Mvsusaf

Post Number: 272
Registered: 04-2005
Posted From: 72.76.38.134
Posted on Thursday, April 29, 2010 - 09:54 pm:   

A DD214 is worth a reduction of $250 on your property taxes in New Jersey. Also no state tax on military pensions.
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Karen Yan
Advanced Member
Username: Karenyan

Post Number: 331
Registered: 06-2003
Posted From: 76.180.6.225
Posted on Thursday, April 29, 2010 - 08:38 pm:   

If you're not already aware of your State policies, you may want to look into what Tax exemption your State offers to veterans.

My area in NY offers a discount on my taxes. Since I am a disabled vet who served during war-time, I get a 25% percent discount on my property taxes.

I just completed working a temp gig as a clerk for the Census, and some of the other vets I worked with there had no clue about this, so they've missed out on the break for years.

I know it varies from state to state. I did tell my friend about this who's stationed in the D.C. area, and they do no receive any break of this type in that area.

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